Sanjiv Yajnik 4
4 · CAPITAL ONE FINANCIAL CORP · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Capital One (COF) President Sanjiv Yajnik Receives Award; Shares Withheld
What Happened
Sanjiv Yajnik, President, Financial Services at Capital One Financial Corp (COF), received an award of 9,922 performance shares on 2026-03-09 (acquired at $0.00). Simultaneously, 4,475 shares were withheld/disposed at $185.73 per share to satisfy tax withholding, generating proceeds of approximately $831,142. The award was performance-based rather than an open-market purchase; the withholding is a routine tax-related disposition.
Key Details
- Transaction dates and prices:
- 2026-03-09: Award (code A) — 9,922 shares @ $0.00 (acquired)
- 2026-03-09: Tax withholding/share surrender (code F) — 4,475 shares @ $185.73 (disposed), ~ $831,142
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes:
- F1: Shares earned under a performance-share award granted 2023-01-26 and amended 2023-11-02, tied to dividends + growth in tangible book value per share and Adjusted ROTCE vs. peers over a three-year performance period; payout includes accrued dividend shares.
- F2: Filing includes shares acquired via the Company’s Associate Stock Purchase Plan since the last reported transaction.
- F3: The 4,475 shares were automatically withheld by the company to satisfy the reporting person’s tax obligation; withholding was authorized in the award agreement.
- Filing timeliness: The Form 4 was filed 2026-03-11 for a 2026-03-09 transaction, which appears to be timely (no late filing indicated).
Context
This was a settlement of performance-based equity, not an open-market trade. The withholding of shares to cover taxes is a common, routine action when performance shares vest/settle and does not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-09+9,922→ 153,858 total - Tax Payment
Common Stock
[F3]2026-03-09$185.73/sh−4,475$831,142→ 149,383 total
Footnotes (3)
- [F1]These shares were earned pursuant to an award of performance shares granted on January 26, 2023, as amended on November 2, 2023, based on the Company's Common Dividends + Growth of Tangible Book Value per Share and Adjusted ROTCE against a peer group of companies over a three-year performance period. These shares represent the number of shares paid out based on actual performance plus the dividend shares accrued under the same grant.
- [F2]Includes shares acquired by the reporting person through the Company's Associate Stock Purchase Plan since the last reported transaction.
- [F3]These shares were automatically withheld by the Company to satisfy the reporting person's tax obligation associated with the settlement of the performance shares. This share withholding was authorized in the performance share award agreement.